Is debt inherently evil? No. But most people cannot manage debt responsibly

Your bias is showing.

The United States has hundreds of millions of credit cards in circulation, and significantly high proportion of the public has at least one. Of those, a significantly low proportion of the public defaults. The story is true to greater and lesser extents as you look at "people" in other countries, notably where "debt" is so easy to find: Europe, Australia, Asia, etc.

The other portion of credit which is sufficiently great to notice is that of home mortgages (and to a smaller extend, automobile loans.) Again, most of the public has, or had debt on their house, and the great majority of those are paying it off, or have paid it off.

Yes, we have a momentary blip in that parrticular segment, but looking across the past 100 years, most people have used debt admirably.

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